Mchunu welcomes Chinese delegation to KZN at King Shaka airport
"Our main focus as the province is to attract foreign direct investment into all corners of the province' - KwaZulu-Natal Premier Willies Mchunu.
KwaZulu-Natal Premier Willies Mchunu welcomed the Governor of Guangdong Province, from the People’s Republic of China Zhu Xiaodan.
The governor was received at the King Shaka International Airport yesterday (Sunday August 28) by the MEC for Economic Development, Tourism and Environmental Affairs Sihle Zikalala.
Xiaodan leads a government and business delegation to explore investment opportunities in KZN.
“Local government elections are over and it is time to focus on building a stronger KZN socially and economically,” said Mchunu.
“We cannot afford to disappoint those who voted in the local government elections recently as they made it loud and clear that they want jobs and a better life.
“Our main focus as the province is to attract foreign direct investment into all corners of the province. It is for these reasons that we have invited mayors, local chambers and entrepreneurs to interact with the delegation from Guangdong, a province regarded as a global manufacturing hub.
“It is our considered view that for South Africa to create 11 million new jobs by 2030, KwaZulu-Natal will have to create 2.1 million jobs. To achieve this, we have to ensure that the KZN economy grows at an average of at least four per cent per annum between now and 2030.
“One of the areas we are focusing on is Foreign Direct Investment. As the province we have realised that countries like India, Brazil and China have grown at a higher rate because they are benefiting from foreign direct investment (FDI) while others have not been able to attract as much FDI.
“It should be noted that few years ago we hosted the BRICS Summit which paved the way for our economy to be integrated with economies of countries in the BRICS bloc. KwaZulu-Natal is continuously learning from these countries.”
“FDI is a source for economic development, income growth and employment creation. More importantly, FDI helps create a more competitive business environment and enhances enterprise development. All of these contribute to higher economic growth, which is the most potent tool for alleviating poverty.”
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